In the inaugural episode of Riches and Rhythms, Tyler and Peggy deliver a blend of personal anecdotes, expert insights, and enlightening discussion on the world of finance and beyond. From the world of celebrity-endorsed investments to the post-COVID state of the music industry, they offer their take on the world of celebrity wealth management. 

Tyler and Peggy also dive into their backgrounds and career passions and talk about setting financial goals, understanding client motivations, and the importance of trustworthy financial advisors.

Join us as we discuss:

• [00:35 ] - Peak parenting desperation.


• [03:08 ] - The impact of FTX on investments.


• [07:56 ] - Brand partnerships and legal issues.


• [12:01 ] - Fun real estate fact of the week.


• [16:21 ] - Revival of music touring.


• [19:20 ] - Tyler and Peggy's background.


• [25:00 ] - How to build trust and effective communication with clients.


• [29:00 ] - Understanding goals and motivations.


• [31:20 ] - Careers and passions.


• [33:18 ] - Pancakes or waffles?

Key Takeaways

• Celebrity endorsements can significantly impact the popularity and perceived trustworthiness of a product. However, as seen with FTX, it can also lead to severe financial losses when the product or investment fails.


• Musicians and songwriters face a unique financial situation. The success of recent tours by artists like Beyoncé and Taylor Swift suggests that there could be opportunities for new and upcoming artists in a post-COVID world.


• Setting financial goals and crafting a statement of financial purpose are important. This not only aids in financial planning but also ensures alignment with personal values and aspirations.


• Be patient with your financial journey. Financial success is a marathon, not a sprint.

Quotes

“You've still got your new artists that have to hit the ground. You've got changing structures of bands that maybe they were a group before and they're not now. If someone wants to have their single career, they've got to work the ground and it's like starting over. I still think there's a market for that. And touring is a great way to get their music out.” ~ Peggy Stephens

“One of the things we’ve worked on is trying to find ways to get underneath the goals to the motivations. The concept of the ‘statement of financial purpose’ is to figure out the role of money in their lives. It’s a way for us to bring them back to not just their goals, but why these goals are important.” ~ Tyler Martin

Links 

• FTX


• Bernie Madoff


• Michael Lewis


• Beyoncé


• Taylor Swift


• Tom Brady


• Shaquille O'Neal


• Steph Curry


• Larry David


• Matt Damon


• Elton John


• Dave Ramsey


• Redfin


• The Accountant


• Toto


• Journey


• Bon Jovi


• The Eagles

Connect with our hosts

• Stonebridge Wealth Management


• Tyler on LinkedIn


• Peggy on LinkedIn

Subscribe and stay in touch

• Apple Podcasts


• Spotify


• Google Podcasts

Partner with Tyler and Peggy

If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com.

Disclosure

OneAscent Financial Services, LLC (“OAFS”), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.